Dai-Ichi Karkaria Ltd

Dai- ichi Karkaria Limited: Trading window closed from Oct 1, 2026 in connection with unaudited financial results for the quarter and half year ended Sep 30, 2026; the trading window will open 48 (Forty-Eight) hours after the announcement of publication of said financials results to the stock exchange

Penalty Order under Section 270A for AY 2024-25

• Penalty under Section 270A of the IT Act levies Rs 15,17,876 for AY 2024-25.
• Penalty arises from Rs 90,93,440 treated as under-reported income, reducing claimed loss.
• Penalty order dated September 18, 2026; email receipt on September 19, 2026.
• Company had not filed Form No. 35; assessment order considered final.
• Company filed Section 264 application on 16 July 2026 seeking revision; pending.
• Company intends to file an appeal before CIT (Appeals) within time limit.
• No material impact on financial operations expected per disclosure.

Key details

• Target Company: Dai-Ichi Karkaria Limited.
• Disclosing Party: Ms Meher Vakil Taff (Promoter) acquiring; transfer from Mr Firoze Adi Vakil (Promoter).
• Transaction Type: Acquisition of shares via off-market gift.
• Transaction Details: 25,000 shares (0.33%) acquired; equity shares; off-market gift; nil consideration.
• Date: 18 September 2026.

Key details

• Target Company: Dai-Ichi Karkaria Limited.
• Disclosing Party: Mr. Firoze Adi Vakil, Promoter.
• Transaction Type: Disposal of 25,000 shares via off-market gift to daughter.
• Details: 25,000 equity shares, 0.33% of total capital, nil consideration, off-market gift.
• Share Capital Context: 0.33% of total equity capital transferred.

Transaction summary

• Target Company: Dai-ichi Karkaria Limited
• Disclosing Party: Meher Vakil Taff (Promoter) – acquirer
• Transaction Type: Acquisition of 25,000 shares by gift
• Pre-Transaction Holding: 3,65,000 shares (4.90%)
• Transaction Details: 25,000 shares (0.33%), off-market gift, NIL consideration
• Post-Transaction Holding: 3,90,000 shares (5.23%)
• Date of Transaction: 17.09.2026
• Mode: Off-market transfer by way of Gift at NIL consideration from immediate relative
• Equity share capital before/after: Rs 7,45,12,290 (unchanged)
• Total diluted share capital after: Rs 7,45,12,290

Transaction details

• Target Company: Dai-Ichi Karkaria Limited.
• Disclosing Party: Firoze Adi Vakil, promoter (Promoter group).
• Transaction Type: Off-market transfer by gift to immediate relative.
• Pre-Transaction Holding: 83,444 shares (1.12%).
• Transaction Details: 25,000 shares (0.33%) transferred; off-market gift.
• Post-Transaction Holding: 58,444 shares (0.78%).
• Date of Transaction: 17.09.2026.
• Equity share capital before/after: Rs 7,45,12,290.
• Total diluted share capital after: Rs 7,45,12,290.

AGM Details

• AGM held on 27 August 2026 at 11:30 a.m. IST via VC/OAVM.
• Meeting ended at 12:30 p.m. (IST).
• Mode: Video Conferencing / OAVM as per MCA/SEBI relaxations.

Resolutions & Voting

• Resolution 1 (Ordinary): Adoption of standalone and consolidated financial statements; approved.
• Resolution 2 (Ordinary): Dividend of Rs 1.50 per equity share declared; approved.
• Resolution 3 (Ordinary): Re-appointment of Mrs. Shernaz Vakil; approved.
• Resolution 4 (Ordinary): Ratify Cost Auditor remuneration for FY2027; approved.
• Resolution 5 (Ordinary): Approve related party transactions with ChampionX Dai-ichi India up to Rs 60 crore; approved.
• Resolution 6 (Ordinary): Approve related party transactions with Indian Oxides and Chemicals Private Limited up to Rs 60 crore.

AGM Details

• Held on August 27, 2026 at 11:30 a.m. IST via VC/OAVM.
• Remote e-voting closed on August 26, 2026 at 5:00 p.m.
• AGM conducted under MCA relaxations permitting VC/OAVM attendance.

Key Resolutions

• Resolution 1: Adoption of standalone and consolidated financial statements approved.
• Resolution 2: Dividend of Rs 1.50 per share approved.
• Resolution 3: Re-appointment of director Shernaz Vakil approved.
• Resolution 4: Cost Auditor remuneration for FY2027 ratified.
• Resolution 5: Material RPT with ChampionX Dai-ichi India Private Limited approved.
• Resolution 6: Material RPT with Indian Oxides and Chemicals Private Limited approved.

Voting Results

• Resolution 1: Passed with requisite majority; all votes in favour.
• Resolution 2: Passed; all votes in favour.
• Resolution 3: Passed; votes in favour.
• Resolution 4: Passed; votes in favour.
• Resolution 5: Passed; votes in favour.
• Resolution 6: Passed; votes in favour.
• Overall: All resolutions passed; no significant dissent reported.

Dividend

• Dividend of Rs 1.50 per equity share approved.

Director Changes

• Director Shernaz Vakil re-appointed following rotation.

Auditor & Remuneration

• Cost Auditor remuneration for FY2027 ratified.

Material Related Party Transactions

• CXDI: Material RPT approved with ChampionX Dai-ichi India Private Limited.
• IOCL: Material RPT approved with Indian Oxides and Chemicals Private Limited.

Financials & segment mix

• Q1 FY26-27 revenue Rs 57.84 crore, up about 47% YoY.
• QoQ revenue growth approximately 40% in the quarter.
• Oilfield Chemicals remains largest segment, contributing over half of revenue.

Operational developments & capacity

• Additional ethylene oxide reactor commissioned at Dahej facility.
• Expanded capacity to be commercialised, driving product categories.
• Additional oilfield production capacity added; ramp to proceed through FY27.

Strategy & outlook

• Focus on deepening customer relationships across segments.
• Commercialising expanded capacities and sustainable, profitable growth.
• Middle East geopolitics impacted some downstream categories but overall resilience.